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20121206
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stream. we are joined by grover norquist , president of americans for tax reform. i have to ask you. how does it feel to be a bully of lawmakers? i like this part especially, anti-tax sell at. the logical extremists. to find yourself is really being pointed that as the problem, not part of the solution here suddenly. how do you feel that? >> well, look. harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then they were going to turn to the republicans and say, okay. why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at having a hissy fit at me, he's really mad at the american people for not wanting to raise taxes. he personalizes it with me. lou: what about those folks like senator jo
have flat out repudiated their anti-tax increase pledge. the author of that pledge, grover norquist, here and we will ask him how it is that he came to be the villain in this piece, how it feels to be the subject of attacks from both the left and some on the right and what the future holds for those republicans who break their pledges to voters. also tonight, demonstrations for a sixth straight day in egypt. the united nations on statehood for palestinians tomorrow and the presidens spokesman says the white house is not concerned with ambassador rice misleading the public o benghazi. pillows a prize-winning journalist, a former pentagon official said among our guests. we begin tonight with that triple digit rally on wall street. the market interpreted positive statements on a potential deal on the fiscal cliff by house speaker and rebounded from what had been a 112-point slide after the morning's opening bell. the dow jones industrials reversed, as i said, on the speaker's positive remarks and finished the session up 107 points. s&p up 11, nasdaq gained 24. all ten s&p 500 sectors m
from members, including grover norquist who puts forward the no new tax pledge. >> i admire grover norquist, i think he's done a lot of good. i signed that pledge, honored to do it. i don't think we're breaking it, i want to make all of the tax cuts permanent quite frankly. this is a debate about political tactics, a difference over political theology. all republicans want to make sure we don't increase taxes. where we differ with democrats. if there is a place we can get 80% of the bush tax cuts for 98% of the american people made permanent, we should do that and continue to fight for the rest. >> i spoke to grover norquist yesterday, he opposes anything along the lines of allowing debate to go forward next year over the 2% and 3%, and the riches americans, those making $250,000 a year. he want it all part of the same package. you disagree with it? >> well, look, grover norquist is my friend. and we talk, you know, political strategy and politics, this is my position. it was given in private, and when it was asked it was laked by somebody. again, that's fine. not going to say one
signed the grover norquist antitax pledge. lou: congressional republicans pushing back hard against the president and democrats over the fiscalliff proposal. the white house saying that the real problem is republicans who won't give in on new taxes for top earners. my next guest sound grover norquist and his anti-tax pledge concerning. congressman nunes, it is great to have you with us. >> this little visit i timothy geithner to speaker boehner, in which he bsically says we are going to talk about stimulus -- that is pretty hard step to push or to stomachh isn't? >> yes, timothy geithner has been coming here for four years. he has come before the ways and means committee, before the budget committee. this guy has never told us the truth and we challenged them for years. the numbers don't add up, and that is the problem. he came here today and it was a waste of time. we shove the president meeting with the senate. it is kind of a joke and it is sad because it is a serious issue for the american people. lou: let me ask you. speaker boehner expressing frustration. it doesn't look to me
a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record. i like that too. >> i'm stuck. like grover is stuck with this pledge he made everybody take which is that they have to go over the cliff because they obviously will not ever say the word tax. they will only say revenue. i'm stuck speaking to many more ceos than grover norquist is. he thinks it's silly. he thinks ceos are silly. i don't think they're silly. they control hiring in this country. many americans play for dinner. i don't think grover norquist cares about who is paying to dinner. he has a pledge. it's important to him an
: what about grover norquist? >> it's not about government per se. pandora lobbied government to have to bill. pandora wants to lower the royalties they have to pay to the artist. the artist have a dispute with pandora. >> sean: wait a minute. that's government intervention that government it up -- >> it's asking government to intervene. ays forget the other side, how the private sector goes out to the government all the time? >> they're uncomfortable with government coming in and leveling the playing field. or are they comfortable with pandora -- >> sean: go ahead. >> were they comfortable with the idea of government leveling the playing field before? >> is that a concept that -- >> you're confusing the issue. >> they're okay with pai paying their fair share. not all of them. some of the artists involved are actually republicans. but they've all said they're okay with paying higher taxes to help this country out. what they're not okay with is pandora lobbying -- >> sean: this isn't about pandora. there's a big point you're missing here. they're teaming up with grover norquist, antita
they will break with protocol. with grover norquist and his tax pledge to reach the deal on the fiscal cliff is sticking in solidarity with it. we're asking what he would be willing to compromise on. >> as we mentioned, house speaker boehner and other leadership meeting with treasury secretary geithner. boehner is expected to hold a press conference afterwards at 11:30 a.m. and we will bring it to you live. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. you can st
of this whole debate is a man named grover norquist. did you sign the grover pledge? >> no, i did not. i was a governor for ten years. i've got a long track record of not only holding the line on taxes but reducing taxes. and i believe that we have too much -- at the national level, too much taxation, too much regulation but, no, i did not sign the pledge. >> let me ask you about the idea that revenues are on the table as the speaker has said. i'm curious what that really means. does that signal a willingness on the part of the gop to see some people's taxes go up, or does it mean that the revenue increases will derive from economic growth and -- >> speaker boehner and republicans are reaching out to the administration. speaker boehner has said we'll put revenue on the table, not through higher tax rates but through closing loopholes and limiting deductions. that accomplishes exactly what the administration has demanded. >> but that means somebody's taxes will go up. >> sure. >> if you close loopholes an deductions. >> we'll make sure rates don't go up so you don't impact small businesse
waste. neil: you know closing loopholes and that. grover moriest said that is a -- norquist said that is a tax hike, he is so over. neil: why is he over? >> it is not his job to do that. neil: a lot of people rip this guy a new one. >> it makes us -- >> he is just holding politicians account able, if you are closing loopholes. cut somewhere else, what makes that an out landish view. >> is it sounds strange for us to have a an ar kayicic -- a pl. neil: they go off the reservation and get wacky >> it does not sound right, we need a new approach to this thank y grover for your time but people need individual responsibility. neil: you think it is now that politically correct thing to do to cut -- >> not cave but we do need to cut across the board. neil: do you agree. >> no, not, it is every american's job to holder politician responsibility up there only time we balanced budget in last 17 years is when we had more revenues durings.com boom, it was not because of the cutting spend, we have not been cutting spending, we have washington run amuck, and i don't care if it is grover or me
chum grover norquist. he's as certain as ever that republicans who have impure thoughts about violating his no new tax pledge will be targeted at the primary level by tea party members. i'm taking this masterful behind-the-scenes player at his word that he controls almost all the republicans. because almost all of them signed his oath. so a deal could be tough. plus i'm now calling for no vacation without legislation. no vacation without legislation. because the holidays are slated to begin in a couple of weeks. which doesn't give enough time to get the job done. so you have one side that is insisting on tax increases and offering no spending cuts, and then you have the other side which has pledged no tax increases which assures no deal can occur. after all, even if the president offered heavy-duty spending cuts like he did during the debt ceiling fight, the republicans can't compromise because of their blood oath in norquist. they aren't allowed to and the president's line seems to have hardened. doesn't it seem to you like he thinks that the wealthy and those who own stocks are exactl
to sit down and negotiate the prestige of the country will pay a price. lou: i told grover norquist, he must like tom cole lot because all he would say in response was interesting tactic. thanks for being with us. in the "moneyline" tonight, a stalemate in washington d.c. wall street's back today. the balance squeaking out of four. gain. s&p up less than a point, nasdaq slipping lower on the day. volume on the big board slightly heavier than usual. all the major indexes finished higher for the month. down 71 points. s&p and nasdaq both ended higher. the three biggest winners for the month, cisco systems up to nine 1/4%. home depot, bank of america, both of just above 6%. aaa now urging the environmental protection agency to halt the sales of gas with directional concentrations arguing the fuel blend known as e 15 with an additional 5% ethanol cause engine damage but that is not covered by most car warranties. the epa says cars made after the 2000's one mall can handle that fuel brand. triple late shows 95 percent of cars made before 2012 will not. up next, president obama meeting with e
technically that goes against grover norquist's pledge. >> well, we've already put a plan out in the budget committee. as you said, i am a part of that budget committee. and we put out the fundamentals of that, where we would have a plan where we would have pro-growth tax reform, and that means something fairer, flatter and simpler, and a portion of that is to look at the deductions that right now really do benefit those in the upper income, and that we're willing to look at those, and to make sure that what we do does bring in more revenue by robust economy. >> and it wouldn't be a violation of a sort of a marriage vow to grover norquist. he has said that violating his pledge is somehow akin to, you know, violating your marriage vows. you don't -- your deal is with your constituents, not with grover norquist? >> that's right. that's exactly right. >> i want to talk a little bit about the debt ceiling because this is coming into play here. grover norquist, again, has written an op-ed mentioning the debt ceiling specifically. a new report for the bipartisan policy center said the ceiling mus
story hammering republicans about the need to break their pledge to grover norquist. look, this wasn't a pledge of tax cuts to grover norquist. i can guarantee you, every singleerepublican and some democrats, too, running for congress or the senate, i guarantee you, every single one pledged to their constituents, i wasn't raise your taxes, every single one did, so, everyone who breaks that pledge is making a promise to his constituents. that was the story. stuart: yes, all right. now, what we're going to do? what are we going to do in the future? what's going on here? >> well, i think, i think what you've got is a cancer that is exploding debt and what they're looking for is the right bandaid to put on it to tell america, we just got over that hump and you know darn well in january they're coming right back with the next fiscal disaster and look for the next bandaid to put it on it. no one is responsible, not the republican and not the democrats. >> i think we have the campaign in chief and i think we're setting up a debt crisis at some point in the future. the thing about removing t
for america. don't worry about the politics of it. don't worry about the grover norquist politics. and don't worry about the barack obama politics. just do what you honestly believe in. the house ought to pass what it can. the house can function. it can sends lots of stuff to the senate and begin to build up a wave of energy at the senate that says are the democrats in the senate going to be owe obstructionist none of these good ideas, none of these reforms, efforts to save money, are going to get there. after a couple weeks that begins to build pressure on the senate. what's right now is, the republicans are surrounded by the news media and the democrats who are creating an artificial standard, and basically saying, if you don't sell out on taxes, you're bad people. well, i don't think they should accept that standard asset by liberals who are proving, as u just pointed out in the president's thing tonight, they want to spend more money. they're not about to do anything that helps with the deficit. they want higher taxes to spend even more money to put even more power in washington, d.c.
republican lawmakers abiding by the grover norquist anti-tax pledge as seditious and treasonous. up next in nfl star murders his girlfriend, takes his own life in front of his coach and general manager. but let him -- was led him to those acts? leading psychologist answered that question and much more here next. ♪ lou: the weekend murder suicide committed by kannas city linebacker left the nfl community and the country just grasping for answers as to what was going on in this amendment. a great tragedy. the sixth nfl player in the past two years to take is on life. six nfl players raising the questions about traumatic brain energy, the nfl, and what is going on. joining us to help understand as best we can what happened and what we should be thinking about your as citizens, parents and family members and friends, psychologists and professor and psychotherapist. let me start with the fact that this was such a -- i mean, he apparently shot his girlfriend nine times. i mean, this is just an unbelievable. his friends to my teammates, coaches, no one to believe he had done it. >> but this w
, theman some democrats blame for the fiscal cliff impasse, grover norquist, president of americans for tax reform. and the many ands a finger to about fixing it, michael reagan, founder of the reagan group. i wantto start with the republicans plan that they put on the table. they have been accused of doing nothing and all. they come up with their own plan which inclus 800 billion in revenue from closing loopholes and eliminating deductions and then 1 billion in spendin cuts. it is being rejected from the get go by democrats. grover, what do you say? >> i think the republicans had a very good pl called lorraine budg. they alloted for it in the house. itsaves $6 trillion over the same decade, and they did not raise taxes and all. i really think of the president is not iterested in compromising, and not sure it is wise with the republicans to keep moving in his direction. i suppos it ge you five minutes on the nightly news to say you are being reasonable, but the president keeps saying he jst wants massive tax increase no spendin cus. he wants to increase spending as part of this deal. the pr
the election in 1992, and which we're still living, because that gave us grover norquist, et cetera. >> let's get to grover norquist in a minute, but i do have a question. the gop plan consists of $2.2 trillion in savings over a decade. that includes raging the eligibility age for medicare from 65 to 67. and lowering cost of living increases for social security benefits. they also propose overhauling the tax code to generate $800 billion in new revenue. but without raising taxes on the wealthy. in a letter to the president, leading republicans compared their plan to one erskine bowles drew up last year. >> not even close. >> he rejected that connection and the white house, of course, is hitting the road. we'll get to that in a moment. but here's my question. i've been watching the coverage of this and reading it. and there's a lot of liberals who were like, he won, ha, ha, they're so arrogant about it, it's hard to like them. because it's just not attractive. but he did -- >> yeah, he won. >> and he is going to the american people with this. and why can't the starting point of these negotia
entitlements, and republican congressman steve lottaret who is willing to break from grover norquist's tax pledge. he's also retiring at the end of this term. gentlemen, good to have both of you with us. mr. welch, i'll begin with you. i'm sure you've noticed, hopefully you've been watching cnbc and see all these pins that we are wearing that say "rise above" calling for you and your colleagues there to get something done on the fiscal cliff. why are you so unwilling to be able to do that? >> well, i am willing to do it. in fact, i work with steve, who you're going to hear from shortly, to advocate for a balanced deal. the real challenge here is practical. do we want to have a bad deal that beats the january 1 deadline, or are we willing to hold out for a more balanced deal, even if that requires us to go into january? >> does that include entitlements? does that mean reforming entitlemen entitlements, particularly medicare? >> absolutely. we have to have health care costs come under control. we can reform them. those of us who are strong supporters of medicare have to be advocates for sys
to be with you, sean. >> sean: grover norquist, americans for tax reform, you signed a pledge when you first ran for office, saying you wouldn't raise taxes or revenue, and said, well, i care more about this country i do about a 20-year pledge. you've taken heat for this. i want to give you a chance to explain. >> my difference with grover, it's pretty simple, the simpson-bowles plan that came out that said we're going to address the long-term debt of this country, recommended that you eliminate all tax credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that you got to pay part of that revenue toward that debt just like every single american that owns a home p
get things done in washington, rather than saying hey, would you stick with grover norquist or would you not or would you address entitlements or not. i believe it's vital that we address the entitlements, who are the elephant in the room, but that would be up to the people who would be sitting across the table from each other. we cannot go over this fiscal cliff, no matter what people on both ends of the political spectrum say. i believe that there was a popularity poll in case you missed it where now members of congress rank just above car salespeople and i'm a great admirer of car salespeople, you know. it's not even astonishing and it angers me beyond belief, even journalists rank higher than members of congress. >> former senate majority leader george mitchell knows what it's like to be in the middle of the debate. he joins me now. senator mitchell, you more or less have been in john boehner's shoes. you were a congressional leader hammering out a tax and spending cut deal with the president of the opposing party. how is what we're seeing now different than what you experienced
over the fiscal cliff, and i think they are making that point. >> i believe grover norquist. they should get the media cameras in their. stuart: let's get more on this. we have a special guest joining us. he should have been on varney & company many times. >> i hope this is the first of many appearances. great to be with you this morning. i am kind of in a foul mood this morning. i am going to say something. the three of you are going -- if the republicans just gave the president what he wants on these taxes, low, in the end, the taxes are going up. we still have a trillion dollar deficit. this does not solve anything. at best, even if they raise the money they think they will, and i don't think they will raise any money, they are still left with a trillion dollar deficit. how are you going to bring down a trillion dollar deficit? i think the democrats are on -- i had to get that off my chest. stuart: gm car and truck sales are up 3%. the stock, dead flat. sales up 3%. that is the car sales numbers coming in today. steve, i want to get back to you here. the democrats say, wa
future tied up in this. not so long ago we had grover norquist on. said the president is going to have to back off, we have to raise taxes and low and behold the "wall street journal" ran a story saying just that, it will be a bargain. are you going to get it tomorrow? they will fuss with the income rate. that will be a part of the conversation as well. the longer it goes on, the more threat letters to the economy and the stock market because people don't know what to expense. one comment about the dividend story you are doing, don't forget these companies are run by big-time executives who get paid this way and are driving the chain. tracy: you can't blame them, somebody has to do it. ashley: don't miss gerri willis and m "the willis report" here n fox business. thank you. tracy: the white house using twitter as part of an arsenal in the fiscal cliff battle, but may not have been the best idea for them. ashley: we will be right back. [ male announcer ] this is jo woods' first day of rk. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it ye
. that would go against the grover norquist pledge not to raise taxes. but one of those who signed the pledge is standing by his promise. senator ron john so thson joins. senator, thanks for being here. >> good morning. >> senator, we've been following all of these negotiations as the market has turning on every single bit of information that comes out. you say that you would not go along with any idea to raise those marginal tax rates. why is that? >> because everything we should be doing here should be concentrating on economic growth because that's time as more effective. let me give you a couple numbers. even with the very meager recovery that we've had, revenue has increased to the federal government by $344 billion per year. if we just return to a normal economy like we had in 2007, those policies of george bush where we had 18.5% of our economy coming to the federal government as revenue, that would be another $419 billion. so combined, that would be $750 billion per year of additional revenue. now, president obama's proposal of punishing success, it's hard to say exactly what it will
, congress most of the republicans signed the grover norquist pledge which says you cannot tax that 2% more than anybody else. you can't increase the taxes. so we're at a stalemate and someone has to give and i don't see anyone giving right now. >> bank of america today commented on the let's jump crowd. the bungee jump crowd for which they think is a scenario. >> you wonder how much of that is in negotiating position. embraced early on by senator schumer, new york state's senior senator. we'll see. you know, there are those who believe if you want deficit reduction and are serious about it, we have one way to get there and it's called the fiscal cliff and will send us into recession but we may get deficit reduction but others believe we won't get spending cuts that we need. more will take place in defense which many argue does need to happen perhaps though not in the same way it does. we shall see. what's today's date? the fourth now. we're not too far. people say the 18th. we need to at least see something for the 21st. >> they're going on vacation with legislation. is that right? should
. >> thank you. grover norquist, i interviewed him. >> steve: we'll watch this weekend. >> gretchen: did you know about the price of pizza? it's going up. our next guest says that we can thank obamacare for the prices going up. >> brian: then. >> steve: brand-new awesome video reveals the exact moment this construction worker -- >> brian: finds out. >> steve: he has all six winning numbers in the powerball! what ems we know about him ahead. >> brian: no way. no way. that's so cool. >> steve: come on [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've bought ragu for years. [ thinking ] woer what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relf ] [ male announcer ] choose taste. choose prego. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shippi
. grover norquist said why don't we just get the c-span and watch the sausage being made. it could be too scary. >> brian: they had him out there and he defended himself yesterday. he's doing a good job exactly defining what he's going for. he's not the angry guy everyone portrade himself. mr. #1: makes a point that washington smends too much. another story that everyone is talking about. kansas city chief's player who murdered his girlfriend, shot her nine times and killed himself. brad underwood has more from kansas city. good morning, brad. >> good morning, it has been an emotional high and low in the last couple of days in kansas city. they are continuing to learn more about the events leading up with the incident with javon and his girlfriend casandra perkins and what will happen to zoe. javon's mother the raise the three month old in long island. funeral arrangements haven't been made for casandra or javon. the first thing out of the head coach's mouth. thoughts and prayers going out to both families. javon a starter of the kansas city chiefs and his girlfriend was active in the org
Search Results 0 to 30 of about 31 (some duplicates have been removed)